DOLLARS&SENSE. Here. Small Change. Ideal Digital Banking. Live the Ideal Life. Dreaming Of Your Ideal Home? Call for Board Nominations

Transcription

1 Live the Ideal Life Ideal Credit Union is giving away $1,000 to one lucky winner every month in 2019 in our Use & Win Debit Card Giveaway. Ideal CU Personal Checking members age 18 and older will receive one (1) entry for each qualifying Ideal CU Debit Card transaction completed during the month. Random drawings are conducted once a month for the promotional period, which runs through December Winners are chosen on the first Wednesday of each month. Complete details and official rules can be found at. Small Change Members Save Up To $15 on TurboTax and Get a Chance to Win $25K! This year, get your biggest possible tax refund and a chance to win $25,000. TurboTax is up-to-date on the latest tax laws and guarantees 100% accurate calculations, so you can be confident your taxes are done right. Plus, you ll be automatically entered to win $25,000 when you try TurboTax Online for FREE by February 14th. And as a member you can save up to $15 on TurboTax. To enter the sweepstakes, access the member discount, and view details and disclosure information, click on the TurboTax web banner located on the home page at. More From Love My Credit Union Rewards Discover Sprint s Network Reliability & Cash Rewards. The benefits of membership will have you seeing dollar signs. Right now, Ideal Credit Union members can get cash rewards for each new line you activate with Sprint! Visit LoveMyCreditUnion.org/Sprint for all the details and special offers. Call for Board Nominations Nominations for your s Board of Directors are now being accepted. To be eligible you must meet the following criteria: a) Own at least one full paid share b) Be at least 18 years of age c) Have not caused a previous loss to the d) Are bondable e) Do not have a past criminal history causing doubt as to the safety or security of the, its employees or assets. A background check will be conducted. f) Cannot be a current employee of Ideal Credit Union or be a relative of a current: employee, Director or Supervisory Committee member. A relative is any person who is related by blood or marriage or whose relationship is similar to that of persons related by blood or marriage. PRSRT STD U.S. Postage PAID Ideal CU s Stop the Texts Stop the Wrecks wins MnCUN Marketing Award. Ideal CU s ongoing Stop the Texts Stop the Wrecks don t text and drive awareness campaign was recently recognized with a MnCUN Marketing Award in the Community Impact & Outreach category. The campaign encourages the public to take a stand against distracted driving and pledge to put the phone away when operating a vehicle. Learn more at idealcu.com/pledge. Follow Ideal CU on Instagram, Facebook, and Twitter to stay up to date on events, prize winners, and announcements. Ideal wants to hear from you like and share your favorite posts, or leave a review on Ideal Credit Union s Facebook page. All Offices Closed: Monday, December 24, 2018 Christmas Eve All branches close at 1:00 p.m. Tuesday, December 25, 2018 Christmas Day Monday, January 21, 2019 Martin Luther King, Jr. Day President s Corner... pg 2 Monday, February 18, 2019 President s Day Josh Anderson Named Business Relationship Specialist... pg 3 Office Hours Lobby 9:00 a.m. 5:00 p.m. Mon, Tues, Thurs & Fri January March: Meals on Wheels April June: Second Harvest Heartland July September: Local Veteran Outreach October December: Coats for Kids Please reach into your hearts and wallets to help make a difference in our community. 10:00 a.m. 5:00 p.m. Wed Drive-thru 9:00 a.m. 5:30 p.m. Contact Center 8:00 a.m. 5:00 p.m. Office Locations 3225 Denmark Avenue Eagan, MN Victor Hugo Blvd N. Hugo, MN Members who meet these criteria and wish to run for election to the board must submit their name in writing received by February 1, Mail to Ideal Credit Union, 8499 Tamarack Road, Woodbury, MN 55125, attn:. Nominations are not allowed from the floor at the Annual Meeting. Please include a brief biography (150 words or less) and photo with your letter of nomination Amana Trail Inver Grove Heights, MN N. McKnight Road North St. Paul, MN Washington Avenue Stillwater, MN Board of Directors Expiring three year term: Laurie M Ludwig Peter S. Olsen Robert E. Vance, Jr Tamarack Road Woodbury, MN Watch for complete details on the 2019 Annual Meeting, scheduled for Tuesday, April 23, 2019, in the spring issue of Dollars & Ideal Credit Union. All rights reserved. DS1812LO 5. Ideal Digital Banking INSIDE Tuesday, January 1, 2019 New Year s Day g) Cannot be a Chief Executive Officer, President, Manager, Treasurer/Manager or Director of another Federal or State Chartered Bank or Credit Union. DOLLARS&SENSE Holidays Hours Contributions to Casual for a Cause. You are invited to contribute to your s Casual for a Cause fundraiser for local charities. Upcoming donations in 2019 will be: Twin Cities, MN Permit No Upgrade to the My Rewards Debit Card!... pg 3 Debunking Retirement Myths... pg 4 Dreaming Of Your Ideal Home? Small Change... pg 5 Call for Board Nominations... pg 5 Attend a Free Seminar First Whether you re a first-time buyer, or looking to sell your home, Ideal CU s FREE 2019 Home Education Seminar series brings you expert advice from Ideal CU s Senior Mortgage Loan Advisor Cynthia Stewart and local real estate, home staging and insurance professionals ready to help you buy or sell your Ideal home Home Education Seminars... pg 6 Below are the dates and locations for sessions scheduled through March Home Buyers Seminars 10:00 a.m.-noon urday, February 23, 2019 Home Selling Seminar Thursday, February 28, 2019 Online and mobile banking are essential tools our Thursday, March 28, 2019 Country Inn and Suites 3505 Vadnais Center Drive Vadnais Heights, MN members depend on and use daily to manage their Refreshments will be served. Space is limited so reserve your seat at or call (651) 747-HOME (4663). Federally insured by the NCUA finances. 6. is Here Ideal Credit Union launched a new digital banking platform intuitively designed to enhance security, offer new and expanded features and functionality, including personalization, customizable notifications, touch ID and face recognition plus much more. Ideal partnered with Alkami Technology to provide our members with an innovative, omni-channel digital banking experience that is seamless, consistent and user-friendly across all devices. Digital Banking features at-a-glance: Personalization customize your account dashboard with tools & features that are important to you. All your Ideal accounts can be managed under one username and profile, including joint accounts. Customizable Notifications manage your account alerts available by , text or push notifications. Advanced Security with expanded multi-factor authentication, you no longer need security questions. Receive one-time security codes sent via , text or voice. Touch ID and Face Recognition available for log in on compatible devices. Ideal offers a free customized mobile banking app, which iphone and Android users can download to manage their accounts on the go. Ideal s mobile banking app is a must-have for members who prefer their smartphone, tablet or other mobile device to view their account information and built for secure and convenient access. Online and mobile banking are essential tools our members depend on and use daily to manage their finances, said Ideal CU President/CEO Brian Sherrick. Ideal s staff have been rock stars with their dedication and commitment throughout the implementation process, putting in long hours to ensure we were ready to go on day one. After much due diligence, we re excited to offer an enhanced, state-of-the-art digital banking platform that delivers the features and functionality our members want and need to make their lives easier. 1.

2 Joshua (Josh) Anderson Named Business Relationship Specialist for Ideal CU President s Corner Looking Back on 2018 President 2018 has been another incredible year for your. We started the year by rewarding 4,406 VIP+ members with over $532,000 in cashback dividends, bringing the total payout to over $3.1 million since the program began in In March, we introduced our new brand, Live the Ideal Life, representing our daily commitment to helping members achieve their financial goals through our innovative solutions, and added a Zero Down mortgage option to help our members achieve their dream of home ownership. In July, your was named one of the Top 150 Workplaces in Minnesota by the Minneapolis Star Tribune. Top Workplaces recognizes the most progressive companies in Minnesota based on employee opinions measuring engagement, organizational health and satisfaction. In August, we marked our 5th Annual Community Appreciation Celebration by giving away $6,600 in cash prizes and $3,000 in donations to local area food shelves. In September, we launched a state-of-the-art digital banking platform designed to enhance security and offer new and expanded features and functionality. And these are just a few of the highlights! Throughout the year Ideal awarded $1,000 a month to 12 lucky members in our Use & Win Debit Card Giveaway, offered free youth financial literacy, home education and investment seminars, and donated hundreds of volunteer hours and over $25,550 to local causes through the Ideal Community Foundation, including local area food shelves, veterans outreach, coats for kids, distracted driving awareness, and more! During our 92 years in business, we have focused on making our products more affordable, our rates more competitive, and our services more personal, while also rewarding members with generous patronage dividends, and making our communities stronger through donations and volunteer commitments. Thanks to your continued support, we have built a strong reputation for quality, convenience, and giving back. So what s ahead for 2019? As we begin the new year, VIP+ members will see another payout in early January, and we will continue to reward members for using their Ideal CU Debit Mastercard by giving away $1,000 a month in our Use & Win giveaway, entering its third year. Also, watch for additional enhancements to our digital and mobile banking platforms as we continue to bring you the best technology available to meet your needs. Stay tuned for exciting details. Dollars & Sense is published quarterly for members of Ideal Credit Union. Ideal Credit Union was founded in 1926 as St. Paul Postal Employees Credit Union Ideal Credit Union is pleased to introduce Joshua (Josh) Anderson as our new Business Relationship Specialist. Josh previously served as Branch Manager of the s Hugo office and has 7 years of experience in the financial services industry. Editor: Cindy Kurtz Operating under supervision of the Minnesota Department of Commerce Member of Archer-Doig Chapter Minnesota Credit Union Network and CUNA, Inc. An Equal Opportunity Employer As Business Relationship Specialist, Anderson will work closely with existing and new businesses to evaluate their lending and deposit account needs, explain Ideal CU s business products/services, and make appropriate recommendations. Ideal offers a broad array of business solutions, including: BOARD OF DIRECTORS Keith E. Hauge, Chairman Peter S. Olsen, Vice Chairman Robert E. Vance, Jr., Secretary Danielle A. DuChemin Lewis C. Lambert Lisa M. Liddell Laurie M. Ludwig James B. Mosner Craig J. Spreiter Business Checking Business Savings SUPERVISORY COMMITTEE Mary G. Westberg, Chairperson Paul J. Fahey Dan L. Olsen Debunking a Few Popular Retirement Myths It seems high time to dispel some of these misconceptions. The holiday season is here. So, reward yourself with the My Rewards Gold or Platinum Debit Card! You can earn points for everyday purchases, and when you shop online through you can earn cash back and bonus points from over 100 participating online retailers! Choose from gift cards, getaways, home goods, sporting goods, electronics, and more. Plus, here is another reason to upgrade: Hotel and Car Rental Discounts - New benefit! Now, My Rewards Gold and Platinum Debit Card holders can enjoy savings on rental car use and hotel accommodations on widely-used, recognized brands across the country, such as Choice Hotels brands, WYNDHAM Hotels and Resorts, Hertz, Avis, Budget, Enterprise, and more! Discount codes are accessible through the rewards website and the My Rewards mobile app. ALL OFFICES 8 am-5 pm Toll Free: 8 am-5 pm TTY Deaf or Hard of Hearing: 8 am-5 pm Fax Fax, Toll Free VISA TTY Deaf or Hard of Hearing Investment Center Mortgage Center Commercial Services Generalizations about money and retirement linger. Some have been around for decades, and some new clichés have recently joined their ranks. Let s examine a few. To discuss your business needs, contact Josh at or him at JAnderson@idealcu.com. For more information about Ideal s business solutions visit idealcu.com/ small-business. Don t forget about the other benefits of the My Rewards Gold and Platinum Debit Cards such as Roadside Assistance, Extended Warranty, Prescription Savings and so much more! All this for only $9.95/month for the My Rewards Gold Debit Card or $14.95/month for the My Rewards Platinum Debit Card! And if you enroll by January 31, 2019, you ll receive your first 90 days absolutely free*! Just be sure to reference the promo code IDEAL90. For a full list of benefits and to learn more, visit *Fee applicable following advertised promotional period. Program terms and conditions and benefits offered are subject to change without notice. The latest information on program terms and conditions is available at rewardsprogramterms. Feed My Starving Children Ideal CU s Cindy Kurtz (left) and Jane Hennen (middle), recently teamed up with Steve Virkus of New Life Contracting and Jason Stern, publisher of the Wedgewood Magazine, to help pack meals for Feed My Starving Children. During the 2 hour shift volunteers packed 576 boxes, which equals 124,416 meals that will feed 340 children for a year Provided by Craig S. Lundquist, MBA Business Loans and Credit Business Debit Cards Business Online Banking Merchant Card Services Payroll Processing We are delighted to have Josh lead our business efforts and help strengthen and grow relationships with the business community, said Ideal CU President/CEO. Josh is very conscientious and detail-oriented, and will do a great job serving our current business members and bringing new businesses onboard. Another Reason to Upgrade to the My Rewards Debit Card! STAFF Brian G. Sherrick, President Dennis R. Bauer, Executive Vice President Alisha J. R. Johnson, Executive Vice President Lawrence J. Miggler, Senior Vice President Shannon Butler, Vice President Chris J. Friederichs, Vice President Jay Hall, Vice President Emily Kelly, Vice President Shari Rilley, Vice President Roxanne Z. Sonnek, Vice President Faith M. Tholkes, Vice President Your Money 3. When I m retired, I won t really have to invest anymore. Society still sees retirement as an end instead of a beginning a finish line for a career. In reality, retirement is the start of a new and promising phase of life that could last a few decades. If you don t keep one or two feet in the investment markets (most notably the equities markets), you risk quickly losing purchasing power as even moderate inflation will devalue the dollars you ve saved. Keep saving, keep earning, and keep investing. My taxes will be lower when I retire. Not necessarily. You may earn less, and that could put you in a lower tax bracket. On the other hand, you may end up waving goodbye to some of the tax breaks you enjoyed while working, and state and local taxes will almost certainly rise with time. In addition, you could pay taxes on money withdrawn from IRAs and other qualified retirement plans, perhaps even a portion of your Social Security benefits. While your earned income may decrease, you may end up losing a comparatively larger percentage of it to taxes after you retire.1 I started saving too late; I have no hope of retiring I ll have to work until I m 85. If your nest egg is less than six figures, working longer may be the best thing you can do. You will have X fewer years of retirement to plan for, which means you can keep earning a salary, and your savings can compound longer. Don t lose hope: remember that you can make larger, catch-up contributions to IRAs after 50, and remember that you can really sock away some savings in workplace retirement plans. If you are 50 or older this year, you can put as much as $24,500 into a 401(k) plan. Some participants in 403(b) or 457(b) plans are also allowed that privilege. You can downsize and reduce debts and expenses to effectively give you more retirement money. You can also stay invested (see above).2 Medicare will take care of me when I m really old. Not true. Medicare may (this is not guaranteed) pay for up to 100 days of long-term care expenses you incur. If you need months or years of long-term care, you will pay for it out of pocket if you lack long-term care insurance. According to Genworth Financial s Cost of Care Survey, the average yearly cost of a semiprivate room in a nursing home is $235 a day ($85,775 per year).3,4 I ll live on less when I m retired. We all have the cliché in our minds of a retired couple in their seventies or eighties living modestly, hardly eating out, and asking about senior discounts. In the later phase of retirement, couples often choose to live on less, sometimes out of necessity. The initial phase of retirement may be a different story. For many, the first few years of retirement mean traveling, new adventures, and living it up a little all of which may mean new retirees may actually live on more out of the retirement gate. Craig S. Lundquist may be reached at or craig.lundquist@cunamutual.com WR-2621 This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. Please note - investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment. Securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA / SIPC, a registered broker/dealer and investment advisor. CBSI is under contract with the financial institution to make securities available to members. Not NCUA/NCUSIF/FDIC insured, May Lose Value, No Financial Institution Guarantee. Not a deposit of any financial institution. Citations. 1 - money.usnews.com/money/retirement/iras/articles/ /5-new-taxes-to-watch-out-for-in-retirement [4/3/18] 2 - fool.com/retirement/2017/10/29/what-are-the-maximum-401k-contribution-limits-for.aspx [3/6/18] 3 - medicare.gov/coverage/skilled-nursing-facility-care.html [9/13/18] 4 - fool.com/retirement/2018/05/24/the-1-retirement-expense-were-still-not-preparing.aspx [5/24/18] 4.

3 Joshua (Josh) Anderson Named Business Relationship Specialist for Ideal CU President s Corner Looking Back on 2018 President 2018 has been another incredible year for your. We started the year by rewarding 4,406 VIP+ members with over $532,000 in cashback dividends, bringing the total payout to over $3.1 million since the program began in In March, we introduced our new brand, Live the Ideal Life, representing our daily commitment to helping members achieve their financial goals through our innovative solutions, and added a Zero Down mortgage option to help our members achieve their dream of home ownership. In July, your was named one of the Top 150 Workplaces in Minnesota by the Minneapolis Star Tribune. Top Workplaces recognizes the most progressive companies in Minnesota based on employee opinions measuring engagement, organizational health and satisfaction. In August, we marked our 5th Annual Community Appreciation Celebration by giving away $6,600 in cash prizes and $3,000 in donations to local area food shelves. In September, we launched a state-of-the-art digital banking platform designed to enhance security and offer new and expanded features and functionality. And these are just a few of the highlights! Throughout the year Ideal awarded $1,000 a month to 12 lucky members in our Use & Win Debit Card Giveaway, offered free youth financial literacy, home education and investment seminars, and donated hundreds of volunteer hours and over $25,550 to local causes through the Ideal Community Foundation, including local area food shelves, veterans outreach, coats for kids, distracted driving awareness, and more! During our 92 years in business, we have focused on making our products more affordable, our rates more competitive, and our services more personal, while also rewarding members with generous patronage dividends, and making our communities stronger through donations and volunteer commitments. Thanks to your continued support, we have built a strong reputation for quality, convenience, and giving back. So what s ahead for 2019? As we begin the new year, VIP+ members will see another payout in early January, and we will continue to reward members for using their Ideal CU Debit Mastercard by giving away $1,000 a month in our Use & Win giveaway, entering its third year. Also, watch for additional enhancements to our digital and mobile banking platforms as we continue to bring you the best technology available to meet your needs. Stay tuned for exciting details. Dollars & Sense is published quarterly for members of Ideal Credit Union. Ideal Credit Union was founded in 1926 as St. Paul Postal Employees Credit Union Ideal Credit Union is pleased to introduce Joshua (Josh) Anderson as our new Business Relationship Specialist. Josh previously served as Branch Manager of the s Hugo office and has 7 years of experience in the financial services industry. Editor: Cindy Kurtz Operating under supervision of the Minnesota Department of Commerce Member of Archer-Doig Chapter Minnesota Credit Union Network and CUNA, Inc. An Equal Opportunity Employer As Business Relationship Specialist, Anderson will work closely with existing and new businesses to evaluate their lending and deposit account needs, explain Ideal CU s business products/services, and make appropriate recommendations. Ideal offers a broad array of business solutions, including: BOARD OF DIRECTORS Keith E. Hauge, Chairman Peter S. Olsen, Vice Chairman Robert E. Vance, Jr., Secretary Danielle A. DuChemin Lewis C. Lambert Lisa M. Liddell Laurie M. Ludwig James B. Mosner Craig J. Spreiter Business Checking Business Savings SUPERVISORY COMMITTEE Mary G. Westberg, Chairperson Paul J. Fahey Dan L. Olsen Debunking a Few Popular Retirement Myths It seems high time to dispel some of these misconceptions. The holiday season is here. So, reward yourself with the My Rewards Gold or Platinum Debit Card! You can earn points for everyday purchases, and when you shop online through you can earn cash back and bonus points from over 100 participating online retailers! Choose from gift cards, getaways, home goods, sporting goods, electronics, and more. Plus, here is another reason to upgrade: Hotel and Car Rental Discounts - New benefit! Now, My Rewards Gold and Platinum Debit Card holders can enjoy savings on rental car use and hotel accommodations on widely-used, recognized brands across the country, such as Choice Hotels brands, WYNDHAM Hotels and Resorts, Hertz, Avis, Budget, Enterprise, and more! Discount codes are accessible through the rewards website and the My Rewards mobile app. ALL OFFICES 8 am-5 pm Toll Free: 8 am-5 pm TTY Deaf or Hard of Hearing: 8 am-5 pm Fax Fax, Toll Free VISA TTY Deaf or Hard of Hearing Investment Center Mortgage Center Commercial Services Generalizations about money and retirement linger. Some have been around for decades, and some new clichés have recently joined their ranks. Let s examine a few. To discuss your business needs, contact Josh at or him at JAnderson@idealcu.com. For more information about Ideal s business solutions visit idealcu.com/ small-business. Don t forget about the other benefits of the My Rewards Gold and Platinum Debit Cards such as Roadside Assistance, Extended Warranty, Prescription Savings and so much more! All this for only $9.95/month for the My Rewards Gold Debit Card or $14.95/month for the My Rewards Platinum Debit Card! And if you enroll by January 31, 2019, you ll receive your first 90 days absolutely free*! Just be sure to reference the promo code IDEAL90. For a full list of benefits and to learn more, visit *Fee applicable following advertised promotional period. Program terms and conditions and benefits offered are subject to change without notice. The latest information on program terms and conditions is available at rewardsprogramterms. Feed My Starving Children Ideal CU s Cindy Kurtz (left) and Jane Hennen (middle), recently teamed up with Steve Virkus of New Life Contracting and Jason Stern, publisher of the Wedgewood Magazine, to help pack meals for Feed My Starving Children. During the 2 hour shift volunteers packed 576 boxes, which equals 124,416 meals that will feed 340 children for a year Provided by Craig S. Lundquist, MBA Business Loans and Credit Business Debit Cards Business Online Banking Merchant Card Services Payroll Processing We are delighted to have Josh lead our business efforts and help strengthen and grow relationships with the business community, said Ideal CU President/CEO. Josh is very conscientious and detail-oriented, and will do a great job serving our current business members and bringing new businesses onboard. Another Reason to Upgrade to the My Rewards Debit Card! STAFF Brian G. Sherrick, President Dennis R. Bauer, Executive Vice President Alisha J. R. Johnson, Executive Vice President Lawrence J. Miggler, Senior Vice President Shannon Butler, Vice President Chris J. Friederichs, Vice President Jay Hall, Vice President Emily Kelly, Vice President Shari Rilley, Vice President Roxanne Z. Sonnek, Vice President Faith M. Tholkes, Vice President Your Money 3. When I m retired, I won t really have to invest anymore. Society still sees retirement as an end instead of a beginning a finish line for a career. In reality, retirement is the start of a new and promising phase of life that could last a few decades. If you don t keep one or two feet in the investment markets (most notably the equities markets), you risk quickly losing purchasing power as even moderate inflation will devalue the dollars you ve saved. Keep saving, keep earning, and keep investing. My taxes will be lower when I retire. Not necessarily. You may earn less, and that could put you in a lower tax bracket. On the other hand, you may end up waving goodbye to some of the tax breaks you enjoyed while working, and state and local taxes will almost certainly rise with time. In addition, you could pay taxes on money withdrawn from IRAs and other qualified retirement plans, perhaps even a portion of your Social Security benefits. While your earned income may decrease, you may end up losing a comparatively larger percentage of it to taxes after you retire.1 I started saving too late; I have no hope of retiring I ll have to work until I m 85. If your nest egg is less than six figures, working longer may be the best thing you can do. You will have X fewer years of retirement to plan for, which means you can keep earning a salary, and your savings can compound longer. Don t lose hope: remember that you can make larger, catch-up contributions to IRAs after 50, and remember that you can really sock away some savings in workplace retirement plans. If you are 50 or older this year, you can put as much as $24,500 into a 401(k) plan. Some participants in 403(b) or 457(b) plans are also allowed that privilege. You can downsize and reduce debts and expenses to effectively give you more retirement money. You can also stay invested (see above).2 Medicare will take care of me when I m really old. Not true. Medicare may (this is not guaranteed) pay for up to 100 days of long-term care expenses you incur. If you need months or years of long-term care, you will pay for it out of pocket if you lack long-term care insurance. According to Genworth Financial s Cost of Care Survey, the average yearly cost of a semiprivate room in a nursing home is $235 a day ($85,775 per year).3,4 I ll live on less when I m retired. We all have the cliché in our minds of a retired couple in their seventies or eighties living modestly, hardly eating out, and asking about senior discounts. In the later phase of retirement, couples often choose to live on less, sometimes out of necessity. The initial phase of retirement may be a different story. For many, the first few years of retirement mean traveling, new adventures, and living it up a little all of which may mean new retirees may actually live on more out of the retirement gate. Craig S. Lundquist may be reached at or craig.lundquist@cunamutual.com WR-2621 This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. Please note - investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment. Securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA / SIPC, a registered broker/dealer and investment advisor. CBSI is under contract with the financial institution to make securities available to members. Not NCUA/NCUSIF/FDIC insured, May Lose Value, No Financial Institution Guarantee. Not a deposit of any financial institution. Citations. 1 - money.usnews.com/money/retirement/iras/articles/ /5-new-taxes-to-watch-out-for-in-retirement [4/3/18] 2 - fool.com/retirement/2017/10/29/what-are-the-maximum-401k-contribution-limits-for.aspx [3/6/18] 3 - medicare.gov/coverage/skilled-nursing-facility-care.html [9/13/18] 4 - fool.com/retirement/2018/05/24/the-1-retirement-expense-were-still-not-preparing.aspx [5/24/18] 4.

4 Joshua (Josh) Anderson Named Business Relationship Specialist for Ideal CU President s Corner Looking Back on 2018 President 2018 has been another incredible year for your. We started the year by rewarding 4,406 VIP+ members with over $532,000 in cashback dividends, bringing the total payout to over $3.1 million since the program began in In March, we introduced our new brand, Live the Ideal Life, representing our daily commitment to helping members achieve their financial goals through our innovative solutions, and added a Zero Down mortgage option to help our members achieve their dream of home ownership. In July, your was named one of the Top 150 Workplaces in Minnesota by the Minneapolis Star Tribune. Top Workplaces recognizes the most progressive companies in Minnesota based on employee opinions measuring engagement, organizational health and satisfaction. In August, we marked our 5th Annual Community Appreciation Celebration by giving away $6,600 in cash prizes and $3,000 in donations to local area food shelves. In September, we launched a state-of-the-art digital banking platform designed to enhance security and offer new and expanded features and functionality. And these are just a few of the highlights! Throughout the year Ideal awarded $1,000 a month to 12 lucky members in our Use & Win Debit Card Giveaway, offered free youth financial literacy, home education and investment seminars, and donated hundreds of volunteer hours and over $25,550 to local causes through the Ideal Community Foundation, including local area food shelves, veterans outreach, coats for kids, distracted driving awareness, and more! During our 92 years in business, we have focused on making our products more affordable, our rates more competitive, and our services more personal, while also rewarding members with generous patronage dividends, and making our communities stronger through donations and volunteer commitments. Thanks to your continued support, we have built a strong reputation for quality, convenience, and giving back. So what s ahead for 2019? As we begin the new year, VIP+ members will see another payout in early January, and we will continue to reward members for using their Ideal CU Debit Mastercard by giving away $1,000 a month in our Use & Win giveaway, entering its third year. Also, watch for additional enhancements to our digital and mobile banking platforms as we continue to bring you the best technology available to meet your needs. Stay tuned for exciting details. Dollars & Sense is published quarterly for members of Ideal Credit Union. Ideal Credit Union was founded in 1926 as St. Paul Postal Employees Credit Union Ideal Credit Union is pleased to introduce Joshua (Josh) Anderson as our new Business Relationship Specialist. Josh previously served as Branch Manager of the s Hugo office and has 7 years of experience in the financial services industry. Editor: Cindy Kurtz Operating under supervision of the Minnesota Department of Commerce Member of Archer-Doig Chapter Minnesota Credit Union Network and CUNA, Inc. An Equal Opportunity Employer As Business Relationship Specialist, Anderson will work closely with existing and new businesses to evaluate their lending and deposit account needs, explain Ideal CU s business products/services, and make appropriate recommendations. Ideal offers a broad array of business solutions, including: BOARD OF DIRECTORS Keith E. Hauge, Chairman Peter S. Olsen, Vice Chairman Robert E. Vance, Jr., Secretary Danielle A. DuChemin Lewis C. Lambert Lisa M. Liddell Laurie M. Ludwig James B. Mosner Craig J. Spreiter Business Checking Business Savings SUPERVISORY COMMITTEE Mary G. Westberg, Chairperson Paul J. Fahey Dan L. Olsen Debunking a Few Popular Retirement Myths It seems high time to dispel some of these misconceptions. The holiday season is here. So, reward yourself with the My Rewards Gold or Platinum Debit Card! You can earn points for everyday purchases, and when you shop online through you can earn cash back and bonus points from over 100 participating online retailers! Choose from gift cards, getaways, home goods, sporting goods, electronics, and more. Plus, here is another reason to upgrade: Hotel and Car Rental Discounts - New benefit! Now, My Rewards Gold and Platinum Debit Card holders can enjoy savings on rental car use and hotel accommodations on widely-used, recognized brands across the country, such as Choice Hotels brands, WYNDHAM Hotels and Resorts, Hertz, Avis, Budget, Enterprise, and more! Discount codes are accessible through the rewards website and the My Rewards mobile app. ALL OFFICES 8 am-5 pm Toll Free: 8 am-5 pm TTY Deaf or Hard of Hearing: 8 am-5 pm Fax Fax, Toll Free VISA TTY Deaf or Hard of Hearing Investment Center Mortgage Center Commercial Services Generalizations about money and retirement linger. Some have been around for decades, and some new clichés have recently joined their ranks. Let s examine a few. To discuss your business needs, contact Josh at or him at JAnderson@idealcu.com. For more information about Ideal s business solutions visit idealcu.com/ small-business. Don t forget about the other benefits of the My Rewards Gold and Platinum Debit Cards such as Roadside Assistance, Extended Warranty, Prescription Savings and so much more! All this for only $9.95/month for the My Rewards Gold Debit Card or $14.95/month for the My Rewards Platinum Debit Card! And if you enroll by January 31, 2019, you ll receive your first 90 days absolutely free*! Just be sure to reference the promo code IDEAL90. For a full list of benefits and to learn more, visit *Fee applicable following advertised promotional period. Program terms and conditions and benefits offered are subject to change without notice. The latest information on program terms and conditions is available at rewardsprogramterms. Feed My Starving Children Ideal CU s Cindy Kurtz (left) and Jane Hennen (middle), recently teamed up with Steve Virkus of New Life Contracting and Jason Stern, publisher of the Wedgewood Magazine, to help pack meals for Feed My Starving Children. During the 2 hour shift volunteers packed 576 boxes, which equals 124,416 meals that will feed 340 children for a year Provided by Craig S. Lundquist, MBA Business Loans and Credit Business Debit Cards Business Online Banking Merchant Card Services Payroll Processing We are delighted to have Josh lead our business efforts and help strengthen and grow relationships with the business community, said Ideal CU President/CEO. Josh is very conscientious and detail-oriented, and will do a great job serving our current business members and bringing new businesses onboard. Another Reason to Upgrade to the My Rewards Debit Card! STAFF Brian G. Sherrick, President Dennis R. Bauer, Executive Vice President Alisha J. R. Johnson, Executive Vice President Lawrence J. Miggler, Senior Vice President Shannon Butler, Vice President Chris J. Friederichs, Vice President Jay Hall, Vice President Emily Kelly, Vice President Shari Rilley, Vice President Roxanne Z. Sonnek, Vice President Faith M. Tholkes, Vice President Your Money 3. When I m retired, I won t really have to invest anymore. Society still sees retirement as an end instead of a beginning a finish line for a career. In reality, retirement is the start of a new and promising phase of life that could last a few decades. If you don t keep one or two feet in the investment markets (most notably the equities markets), you risk quickly losing purchasing power as even moderate inflation will devalue the dollars you ve saved. Keep saving, keep earning, and keep investing. My taxes will be lower when I retire. Not necessarily. You may earn less, and that could put you in a lower tax bracket. On the other hand, you may end up waving goodbye to some of the tax breaks you enjoyed while working, and state and local taxes will almost certainly rise with time. In addition, you could pay taxes on money withdrawn from IRAs and other qualified retirement plans, perhaps even a portion of your Social Security benefits. While your earned income may decrease, you may end up losing a comparatively larger percentage of it to taxes after you retire.1 I started saving too late; I have no hope of retiring I ll have to work until I m 85. If your nest egg is less than six figures, working longer may be the best thing you can do. You will have X fewer years of retirement to plan for, which means you can keep earning a salary, and your savings can compound longer. Don t lose hope: remember that you can make larger, catch-up contributions to IRAs after 50, and remember that you can really sock away some savings in workplace retirement plans. If you are 50 or older this year, you can put as much as $24,500 into a 401(k) plan. Some participants in 403(b) or 457(b) plans are also allowed that privilege. You can downsize and reduce debts and expenses to effectively give you more retirement money. You can also stay invested (see above).2 Medicare will take care of me when I m really old. Not true. Medicare may (this is not guaranteed) pay for up to 100 days of long-term care expenses you incur. If you need months or years of long-term care, you will pay for it out of pocket if you lack long-term care insurance. According to Genworth Financial s Cost of Care Survey, the average yearly cost of a semiprivate room in a nursing home is $235 a day ($85,775 per year).3,4 I ll live on less when I m retired. We all have the cliché in our minds of a retired couple in their seventies or eighties living modestly, hardly eating out, and asking about senior discounts. In the later phase of retirement, couples often choose to live on less, sometimes out of necessity. The initial phase of retirement may be a different story. For many, the first few years of retirement mean traveling, new adventures, and living it up a little all of which may mean new retirees may actually live on more out of the retirement gate. Craig S. Lundquist may be reached at or craig.lundquist@cunamutual.com WR-2621 This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. Please note - investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment. Securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA / SIPC, a registered broker/dealer and investment advisor. CBSI is under contract with the financial institution to make securities available to members. Not NCUA/NCUSIF/FDIC insured, May Lose Value, No Financial Institution Guarantee. Not a deposit of any financial institution. Citations. 1 - money.usnews.com/money/retirement/iras/articles/ /5-new-taxes-to-watch-out-for-in-retirement [4/3/18] 2 - fool.com/retirement/2017/10/29/what-are-the-maximum-401k-contribution-limits-for.aspx [3/6/18] 3 - medicare.gov/coverage/skilled-nursing-facility-care.html [9/13/18] 4 - fool.com/retirement/2018/05/24/the-1-retirement-expense-were-still-not-preparing.aspx [5/24/18] 4.

5 Live the Ideal Life Ideal Credit Union is giving away $1,000 to one lucky winner every month in 2019 in our Use & Win Debit Card Giveaway. Ideal CU Personal Checking members age 18 and older will receive one (1) entry for each qualifying Ideal CU Debit Card transaction completed during the month. Random drawings are conducted once a month for the promotional period, which runs through December Winners are chosen on the first Wednesday of each month. Complete details and official rules can be found at. Small Change Members Save Up To $15 on TurboTax and Get a Chance to Win $25K! This year, get your biggest possible tax refund and a chance to win $25,000. TurboTax is up-to-date on the latest tax laws and guarantees 100% accurate calculations, so you can be confident your taxes are done right. Plus, you ll be automatically entered to win $25,000 when you try TurboTax Online for FREE by February 14th. And as a member you can save up to $15 on TurboTax. To enter the sweepstakes, access the member discount, and view details and disclosure information, click on the TurboTax web banner located on the home page at. More From Love My Credit Union Rewards Discover Sprint s Network Reliability & Cash Rewards. The benefits of membership will have you seeing dollar signs. Right now, Ideal Credit Union members can get cash rewards for each new line you activate with Sprint! Visit LoveMyCreditUnion.org/Sprint for all the details and special offers. Call for Board Nominations Nominations for your s Board of Directors are now being accepted. To be eligible you must meet the following criteria: a) Own at least one full paid share b) Be at least 18 years of age c) Have not caused a previous loss to the d) Are bondable e) Do not have a past criminal history causing doubt as to the safety or security of the, its employees or assets. A background check will be conducted. f) Cannot be a current employee of Ideal Credit Union or be a relative of a current: employee, Director or Supervisory Committee member. A relative is any person who is related by blood or marriage or whose relationship is similar to that of persons related by blood or marriage. PRSRT STD U.S. Postage PAID Ideal CU s Stop the Texts Stop the Wrecks wins MnCUN Marketing Award. Ideal CU s ongoing Stop the Texts Stop the Wrecks don t text and drive awareness campaign was recently recognized with a MnCUN Marketing Award in the Community Impact & Outreach category. The campaign encourages the public to take a stand against distracted driving and pledge to put the phone away when operating a vehicle. Learn more at idealcu.com/pledge. Follow Ideal CU on Instagram, Facebook, and Twitter to stay up to date on events, prize winners, and announcements. Ideal wants to hear from you like and share your favorite posts, or leave a review on Ideal Credit Union s Facebook page. All Offices Closed: Monday, December 24, 2018 Christmas Eve All branches close at 1:00 p.m. Tuesday, December 25, 2018 Christmas Day Monday, January 21, 2019 Martin Luther King, Jr. Day President s Corner... pg 2 Monday, February 18, 2019 President s Day Josh Anderson Named Business Relationship Specialist... pg 3 Office Hours Lobby 9:00 a.m. 5:00 p.m. Mon, Tues, Thurs & Fri January March: Meals on Wheels April June: Second Harvest Heartland July September: Local Veteran Outreach October December: Coats for Kids Please reach into your hearts and wallets to help make a difference in our community. 10:00 a.m. 5:00 p.m. Wed Drive-thru 9:00 a.m. 5:30 p.m. Contact Center 8:00 a.m. 5:00 p.m. Office Locations 3225 Denmark Avenue Eagan, MN Victor Hugo Blvd N. Hugo, MN Members who meet these criteria and wish to run for election to the board must submit their name in writing received by February 1, Mail to Ideal Credit Union, 8499 Tamarack Road, Woodbury, MN 55125, attn:. Nominations are not allowed from the floor at the Annual Meeting. Please include a brief biography (150 words or less) and photo with your letter of nomination Amana Trail Inver Grove Heights, MN N. McKnight Road North St. Paul, MN Washington Avenue Stillwater, MN Board of Directors Expiring three year term: Laurie M Ludwig Peter S. Olsen Robert E. Vance, Jr Tamarack Road Woodbury, MN Watch for complete details on the 2019 Annual Meeting, scheduled for Tuesday, April 23, 2019, in the spring issue of Dollars & Ideal Credit Union. All rights reserved. DS1812LO 5. Ideal Digital Banking INSIDE Tuesday, January 1, 2019 New Year s Day g) Cannot be a Chief Executive Officer, President, Manager, Treasurer/Manager or Director of another Federal or State Chartered Bank or Credit Union. DOLLARS&SENSE Holidays Hours Contributions to Casual for a Cause. You are invited to contribute to your s Casual for a Cause fundraiser for local charities. Upcoming donations in 2019 will be: Twin Cities, MN Permit No Upgrade to the My Rewards Debit Card!... pg 3 Debunking Retirement Myths... pg 4 Dreaming Of Your Ideal Home? Small Change... pg 5 Call for Board Nominations... pg 5 Attend a Free Seminar First Whether you re a first-time buyer, or looking to sell your home, Ideal CU s FREE 2019 Home Education Seminar series brings you expert advice from Ideal CU s Senior Mortgage Loan Advisor Cynthia Stewart and local real estate, home staging and insurance professionals ready to help you buy or sell your Ideal home Home Education Seminars... pg 6 Below are the dates and locations for sessions scheduled through March Home Buyers Seminars 10:00 a.m.-noon urday, February 23, 2019 Home Selling Seminar Thursday, February 28, 2019 Online and mobile banking are essential tools our Thursday, March 28, 2019 Country Inn and Suites 3505 Vadnais Center Drive Vadnais Heights, MN members depend on and use daily to manage their Refreshments will be served. Space is limited so reserve your seat at or call (651) 747-HOME (4663). Federally insured by the NCUA finances. 6. is Here Ideal Credit Union launched a new digital banking platform intuitively designed to enhance security, offer new and expanded features and functionality, including personalization, customizable notifications, touch ID and face recognition plus much more. Ideal partnered with Alkami Technology to provide our members with an innovative, omni-channel digital banking experience that is seamless, consistent and user-friendly across all devices. Digital Banking features at-a-glance: Personalization customize your account dashboard with tools & features that are important to you. All your Ideal accounts can be managed under one username and profile, including joint accounts. Customizable Notifications manage your account alerts available by , text or push notifications. Advanced Security with expanded multi-factor authentication, you no longer need security questions. Receive one-time security codes sent via , text or voice. Touch ID and Face Recognition available for log in on compatible devices. Ideal offers a free customized mobile banking app, which iphone and Android users can download to manage their accounts on the go. Ideal s mobile banking app is a must-have for members who prefer their smartphone, tablet or other mobile device to view their account information and built for secure and convenient access. Online and mobile banking are essential tools our members depend on and use daily to manage their finances, said Ideal CU President/CEO Brian Sherrick. Ideal s staff have been rock stars with their dedication and commitment throughout the implementation process, putting in long hours to ensure we were ready to go on day one. After much due diligence, we re excited to offer an enhanced, state-of-the-art digital banking platform that delivers the features and functionality our members want and need to make their lives easier. 1.